Bonham First-Time Homebuyer Report for October

Bonham has a younger population than other areas in Texas with a median age of 36 years. It is also less affluent than average with a median income of $33,667 per household. The Bonham market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The top school in the city is Sam Rayburn Elementary School.

Price Range

The housing prices of Bonham are close to the state average with a median home value of $68,100 and a current average list price of $51,549. In this week's report, the number of homes sold in the Bonham market slid to 11 over the past 30 days, a decrease of 15.4% from last week's report, but still above the monthly average.

Make sure you take a look at these eye-catching homes in Bonham that generated the most views from potential buyers:

$105K   $219K   $149K  

Typical Dwelling

A three-bedroom detached home valued around $107,092 is considered a typical dwelling in Bonham. If a buyer was looking for a similar home, they would need good credit and a $21,418 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $924 and the property tax rate is $11.52 per $1,000 of taxable assessed value.

Get started right now by checking out Bonham homes for sale or reviewing Bonham real estate trends.


Data reported through 10/13/2016

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